USDJPY held support around 112.39 and formed some form of an engulfing on the dailtTF...this indicates that further upside should be expected in the pair...though a fast moving pair for now the pair may not reach my initial support zone but for proper risk management i prefer that support zone because no one truly predicts the market... however a break above 114.87 without getting into trade invalidates the setup
Note
The pair has broken through its Resistance making new highs....this pair is known to maintain stable movement and i believe there is more room in the upside...i ll be buying on pull back
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.